3/17/2016. Ross Pruitt Associate Professor. What is happening? What may happen? Economic/management considerations

Size: px
Start display at page:

Download "3/17/2016. Ross Pruitt Associate Professor. What is happening? What may happen? Economic/management considerations"

Transcription

1 Ross Pruitt Associate Professor What is happening? What may happen? Economic/management considerations Mil. Head 40 JANUARY 1 COW INVENTORY U.S., Annual = 30.3 Million Head +3.5 Percent = 9.3 Million Head +0.1 Percent Beef Dairy C-N-02 02/01/16 1

2 Mil. Head JANUARY 1 BEEF COW INVENTORY U.S., Annual Beef 2016 = 30.3 Million Head +3.5 Percent C-N-02 02/01/16 U.S. Total: /5/2016 U.S. Total: /5/2016 2

3 Index Value 120 RETAIL ALL FRESH BEEF DEMAND INDEX Annual, Using CPI 1990= Data Source: Bureau of Labor Statistics, USDA-ERS, Compiled & Analysis by LMIC 3

4 Cents Per Pound RETAIL PRICE COMPARISON Monthly Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10 Jan-11 Jan-12 Jan-13 Jan-14 Jan-15 Retail Pork Price Retail Chicken Price, Whole Fresh Retail Beef Price Data Source: Bureau of Labor Statistics & USDA-ERS $ Per Cwt. 280 BOXED BEEF CUTOUT VALUE Choice Lbs., Carcass, Weekly Data Source: USDA-AMS C-P-62 03/14/16 $ Per Cwt CHOICE MINUS SELECT BEEF PRICES Carcass Cutout Value Lbs., Weekly Data Source: USDA-AMS, Compiled & Analysis by LMIC C-P-68 03/14/16 4

5 $ Per Cwt SLAUGHTER STEER PRICES Southern Plains, Weekly Data Source: USDA-AMS C-P-52 03/14/16 Pounds 950 STEER DRESSED WEIGHT Federally Inspected, Weekly Data Source: USDA-AMS & USDA-NASS C-S-18 03/11/16 Thou. Head STEER SLAUGHTER Federally Inspected, Weekly 4.6% higher YTD Data Source: USDA-AMS & USDA-NASS C-S-17 03/11/16 5

6 Thou. Head CATTLE SLAUGHTER Federally Inspected, Weekly Data Source: USDA-AMS & USDA-NASS C-S-08 03/11/16 Mil. Pounds BEEF PRODUCTION Federally Inspected, Weekly 2.4% higher YTD Data Source: USDA-AMS & USDA-NASS M-S-18 03/14/16 Mil. Head CATTLE ON FEED US Total, Monthly JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Avg. 2010/ C-N-10 02/19/16 6

7 Mil. Head FEEDLOT PLACEMENTS US Total, Monthly JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Avg. 2010/ C-N-08 02/19/16 CATTLE PLACED WEIGHING MORE THAN 700 POUNDS 1,000 Plus Capacity Feedlots, U.S., Monthly Mil. Head JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Avg. 2010/ C-N-08B 02/19/16 Mil. Head CATTLE ON FEED OVER 120 DAYS US Total, Monthly JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Avg. 2010/ , Compiled & Analysis by LMIC C-N-12 02/19/16 7

8 $ Per Steer AVERAGE RETURNS TO CATTLE FEEDERS Feeding 750 Lb. Steers. S. Plains, Monthly Latest Data: January Data Source: USDA-AMS & USDA-NASS, Compiled & Analysis by LMIC C-P-22 01/20/16 $ Per Cwt 175 CHOICE STEER PRICE vs BREAKEVEN Cattle Feeding, S. Plains, Monthly Latest Data: January Steer Price Breakeven Projected Breakeven Data Source: USDA-AMS & USDA-NASS, Compiled & Analysis by LMIC C-P-21 01/20/16 $ Per Cwt MED. & LRG. #1 FEEDER STEER PRICES Pounds, Southern Plains, Weekly Data Source: USDA-AMS, Compiled and Analysis by LMIC C-P-49 02/29/16 8

9 $ Per Cwt MED. & LRG. #1 STEER CALF PRICES Pounds, Southern Plains, Weekly Data Source: USDA-AMS, Compiled & Analysis by LMIC C-P-54 03/14/16 $ Per Cwt MED. & LRG. #1 STEER CALF PRICES Pounds, Southern Plains, Weekly 2013 Data Source: USDA-AMS, Compiled & Analysis by LMIC C-P-54 03/14/16 $ Per Cwt SLAUGHTER COW PRICES Southern Plains, 85-90% Lean, Weekly Data Source: USDA-AMS C-P-35 03/14/16 9

10 Thou. Head TOTAL COW SLAUGHTER Federally Inspected, Weekly Data Source: USDA-AMS & USDA-NASS C-S-14 03/11/16 Mil. Pounds US BEEF AND VEAL EXPORTS Carcass Weight, Monthly JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Avg Data Source: USDA-ERS & USDA-FAS Bil. Pounds 4.0 U.S. BEEF AND VEAL IMPORTS Carcass Weight, Annual Data Source: USDA-ERS & USDA-FAS, Compiled & Forecasts by LMIC 10

11 $ Per Cwt U.S. STEER HIDE AND OFFAL VALUE Live Animal Basis, Weekly Data Source: USDA-AMS Mil. Head 7.0 HEIFERS HELD AS BEEF COW REPLACEMENTS January 1, U.S %

12 U.S. Total: 1310 $ Per Cow U.S. ESTIMATED AVERAGE COW CALF RETURNS Returns Over Cash Cost (Includes Pasture Rent), Annual Data Source: USDA & LMIC, Compiled by LMIC 12

13 Bil. Pounds U.S. COMMERCIAL BEEF PRODUCTION Quarterly JAN-MAR APR-JUN JUL-SEP OCT-DEC Avg. 2010/ , Compiled & Forecasts by LMIC Bil. Pounds 11.0 RTC BROILER PRODUCTION Quarterly JAN-MAR APR-JUN JUL-SEP OCT-DEC Avg. 2010/ , Compiled & Forecasts by LMIC Bil. Pounds COMMERCIAL PORK PRODUCTION Quarterly JAN-MAR APR-JUN JUL-SEP OCT-DEC Avg. 2010/ , Compiled & Forecasts by LMIC 13

14 QTRLY GROSS DOMESTIC PRODUCT (GDP) Real Dollar (5) Change from Previous Quarter Percent Change Data Source: Bureau of Economic Analysis, Compiled & Analysis by LMIC Index 120 Domestic U.S. Consumer Confidence Monthly, Index year 1966 = Jan-78 Jan-81 Jan-84 Jan-87 Jan-90 Jan-93 Jan-96 Jan-99 Jan-02 Jan-05 Jan-08 Jan-11 Jan-14 Data Source: Thomson Reuters/University of Michigan 14

15 2015 Annual Average 2016 Projected Annual Average Fed Cattle $148.12/cwt $134- $136/cwt Southern Plains # Southern Plains # $208.21/cwt $159- $164/cwt $251.25/cwt $195- $/cwt 2016 Projected Third Quarter $132- $135/cwt $160- $164/cwt $196- $203/cwt 2017 Projected Annual Average $130- $136/cwt $156- $162/cwt $190- $197/cwt Increasing cattle numbers increases need for marketing strategy for stockers/feeders Risk management strategies Cost management Return of seasonality Crop factors What will be peak inventory number for this cattle cycle? Cash flow concerns? Managing costs 15

16 2015 Annual Average 2016 Projected Annual Average Fed Cattle $148.12/cwt $134- $136/cwt Southern Plains # Southern Plains # $208.21/cwt $159- $164/cwt $251.25/cwt $195- $/cwt 2016 Projected Third Quarter $132- $135/cwt $160- $164/cwt $196- $203/cwt 2017 Projected Annual Average $130- $136/cwt $156- $162/cwt $190- $197/cwt 16

Livestock and Feedgrain Outlook

Livestock and Feedgrain Outlook Livestock and Feedgrain Outlook 2017 Range Beef Cow Symposium James G. Robb Director, LMIC Website: www.lmic.info November 28-30, 2017 28 US Land Grant Universities: USDA Data Sources -- NASS, AMS, FAS,

More information

Cattle and Hay Outlook

Cattle and Hay Outlook Cattle and Hay Outlook Stephen R. Koontz Associate professor & extension economist Department of Agricultural & Resource Economics Colorado State University Stephen.Koontz@ColoState.Edu http://dare.agsci.colostate.edu/skoontz

More information

Cattle & Beef Outlook

Cattle & Beef Outlook Cattle & Beef Outlook Glynn Tonsor Dept. of Agricultural Economics, Kansas State University Overarching Beef Industry Economic Outlook Supplies Expansion continues, but has moderated Demand Mixed signals

More information

3/25/2017. What to do today? Cattle & Beef Markets: Commodity Outlook

3/25/2017. What to do today? Cattle & Beef Markets: Commodity Outlook 3/25/27 Cattle & Beef Markets: Commodity Outlook Stephen R. Koontz Professor & extension economist Department of Agricultural & Resource Economics Colorado State University Stephen.Koontz@ColoState.Edu

More information

Beef Cattle Outlook Dr. Curt Lacy Extension Economist-Livestock

Beef Cattle Outlook Dr. Curt Lacy Extension Economist-Livestock Beef Cattle Outlook Dr. Curt Lacy Extension Economist-Livestock Current Situation $ Per Cwt. 190 180 170 160 150 140 130 120 110 100 90 MED. & LRG. #1 & 2 STEER CALF PRICES 500-600 Pounds, Georgia, Weekly

More information

Cattle Market Outlook

Cattle Market Outlook Cattle Market Outlook Winter C. Wilson Gray District Economist Twin Falls R & E Center wgray@uidaho.edu http://web.cals.uidaho.edu/idahoagbiz/ Thank You! Topics: Markets and Aspects of Domestic Consumer

More information

Beef Cattle Market Outlook

Beef Cattle Market Outlook Beef Cattle Market Outlook Glynn Tonsor Dept. of Agricultural Economics Kansas State University www.agmanager.info Supplies Historically tight Demand Overarching Beef Industry Economic Outlook Herd expansion

More information

Beef Cattle Outlook. Glynn Tonsor Dept. of Agricultural Economics Kansas State University

Beef Cattle Outlook. Glynn Tonsor Dept. of Agricultural Economics Kansas State University Beef Cattle Outlook Glynn Tonsor Dept. of Agricultural Economics Kansas State University Interesting Times in the Beef Industry BREXIT IMPORTS FROM BRAZIL TPP/TTIP & US Election Interesting Times in the

More information

Cattle Situation and Outlook

Cattle Situation and Outlook Cattle Situation and Outlook Midwest/Great Plains/Western Outlook Conference August 2010 Tim Petry Livestock Economist www.ag.ndsu.edu/livestockeconomics mwgpw.ppt 8/12/10 TO ALL OUTLOOK CONFERENCE ATTENDEES

More information

Cattle Situation and Outlook

Cattle Situation and Outlook Cattle Situation and Outlook Tim Petry, Livestock Economist www.ndsu.edu/livestockeconomics Feb. 27, 2018 Outlook_2-7-2018.pptx ? WASDE U.S. Meat Production and Prices 2014 2015 Change from 2014 2016 Change

More information

Cattle Outlook. January, 2018

Cattle Outlook. January, 2018 Cattle Outlook January, 2018 Cattle Outlook January 2018 In This Issue: Supply Fundamentals Demand Fundamentals Summary 2 Historical Price Reference Where are Cattle Prices Currently, And Where are they

More information

Emmit L. Rawls Professor Agricultural Economics

Emmit L. Rawls Professor Agricultural Economics Beef Cattle Situation and Outlook Emmit L. Rawls Professor Agricultural Economics Slaughter Steer Prices $ Per Cwt. 105 5 Market W eighted Average, Weekly 100 95 90 85 Avg. 2004-08 2009 80 75 2010 70 JAN

More information

Cattle Market Situation and Outlook

Cattle Market Situation and Outlook Cattle Market Situation and Outlook Rebuilding the Cow Herd Series March 28, 2007 Falls City, TX Coordinated by: Dennis Hale-Karnes CEA Ag & Charlie Pfluger-Wilson CEA Ag Prepared and presented by: Larry

More information

Cattle Situation and Outlook

Cattle Situation and Outlook Cattle Situation and Outlook January 2011 Tim Petry Livestock Economist www.ag.ndsu.edu/livestockeconomics Carrington-Jan2011 01/27/11 Northern Plains Calf Markets www.lmic.info In The Cattle Markets November

More information

Weekly Mature U.S. Beef Cow Slaughter

Weekly Mature U.S. Beef Cow Slaughter Louisiana Cattle Market Update Friday, July 9 th, 2010 Ross Pruitt, Department of Agricultural Economics and Agribusiness Louisiana State University AgCenter In two weeks, USDA NASS will release the July

More information

Beef Cattle Market Update

Beef Cattle Market Update Beef Cattle Market Update By Anne Wasko Market Analyst November 2016 Anne Wasko Market Analyst June 2018 @AnneWasko 2018 MARKET HIGHLIGHTS SO FAR April 7 turning out to calving fields Jan Feb Mar Apr May

More information

Cow/Calf Expansion Considerations

Cow/Calf Expansion Considerations Louisiana Cattle Market Update Friday, October 26 th, 2012 Ross Pruitt, Dep a rtment of Agric ultura l Ec onomic s a nd Agrib usiness LSU Ag Center Cow/Calf Expansion Considerations The October Cattle

More information

Cattle and Beef Markets: 2016 and beyond. Kate Brooks Department of Agricultural Economics

Cattle and Beef Markets: 2016 and beyond. Kate Brooks Department of Agricultural Economics Cattle and Beef Markets: 2016 and beyond Kate Brooks Department of Agricultural Economics kbrooks4@unl.edu Key Factors in 2016 Crops/Feedstuffs good for the industry. Expansion where we headed? Beef production

More information

2017 Beef Cattle Market Outlook

2017 Beef Cattle Market Outlook 2017 Beef Cattle Market Outlook Chris Prevatt Livestock and Forage Economist UF/IFAS Range Cattle Research and Education Center Presented at the 2015 UF Beef Cattle Short Course Presented at the 2015 UF

More information

Slaughter Cow Market and Wholesale Values

Slaughter Cow Market and Wholesale Values Louisiana Cattle Market Update Friday, July 19 th, 2013 Ross Pruitt, Dep a rtment of Agric ultura l Ec onomic s a nd Agrib usiness LSU Ag Center Slaughter Cow Market and Wholesale Values While there may

More information

US Imported Beef Market A Weekly Update

US Imported Beef Market A Weekly Update US Imported Beef Market A Weekly Update Prepared Exclusively for Meat & Livestock Australia - Sydney Volume XVII, Issue 47 November 24, 2017 Prepared by: Steiner Consulting Group SteinerConsulting.com

More information

Central Texas Cow/Calf Clinic

Central Texas Cow/Calf Clinic Central Texas Cow/Calf Clinic Market Update/Beef Cattle Economics August 18, 2011 Bill Thompson AgriLife Extension Economist San Angelo, TX http://sanangelo.tamu.edu/programs/ag_economics/index.php 1 Mil.

More information

Situation and Outlook of the Canadian Livestock Industry

Situation and Outlook of the Canadian Livestock Industry Situation and Outlook of the Canadian Livestock Industry 2011 USDA Agricultural Outlook Forum Tyler Fulton February 25, 2011 tyler@hamsmarketing.ca Lost in Translation Canadian Livestock Industry - Outline

More information

Veal Price Forecast. October 2015

Veal Price Forecast. October 2015 Veal Price Forecast October 2015 VEAL PRICE FORECAST OCTOBER 2015 Veal Light Production Veal prices in 2015 have been stronger than anticipated and are expected to continue to show year-over-year increases

More information

Cattle Price Situation & Outlook

Cattle Price Situation & Outlook 1 Cattle Price Situation & Outlook AAEA Livestock Outlook July 25, Providence, Rhode Island Livestock Marketing Specialist University of Nebraska-Lincoln dmark2@unl.edu http://agecon.unl.edu/mark Cattle

More information

2017 Tennessee Agricultural Outlook. Aaron Smith Crop Economist University of Tennessee Extension

2017 Tennessee Agricultural Outlook. Aaron Smith Crop Economist University of Tennessee Extension 2017 Tennessee Agricultural Outlook Aaron Smith Crop Economist University of Tennessee Extension Overview Review of the Tennessee Agricultural Economy Crops Livestock 2017 Estimated Net Returns Principle

More information

The Value of Improving the Performance of your Cow-Calf Operation

The Value of Improving the Performance of your Cow-Calf Operation The Value of Improving the Performance of your Cow-Calf Operation Chris Prevatt Livestock and Forage Economist UF Range Cattle Research and Education Center NW Florida Beef Conference The Last Five Years

More information

U.S. Packing Capacity Sufficient for Expanding Cattle Herd

U.S. Packing Capacity Sufficient for Expanding Cattle Herd September 7 U.S. Packing Capacity Sufficient for Expanding Cattle Herd Key Points: n The U.S. cattle industry will remain in expansion mode through the end of the decade. We project total beef production

More information

US Imported Beef Market A Weekly Update

US Imported Beef Market A Weekly Update US Imported Beef Market A Weekly Update Prepared Exclusively for Meat & Livestock Australia - Sydney Volume XVII, Issue 33 August 16, 2017 Prepared by: Steiner Consulting Group SteinerConsulting.com 800-526-4612

More information

US Imported Beef Market A Weekly Update

US Imported Beef Market A Weekly Update US Imported Beef Market A Weekly Update Prepared Exclusively for Meat & Livestock Australia - Sydney Volume XVII, Issue 36 September 6, 2017 Prepared by: Steiner Consulting Group SteinerConsulting.com

More information

Market Outlook for Cattle and Beef

Market Outlook for Cattle and Beef Market Outlook for Cattle and Beef John VanSickle, Professor 1 1 Food & Resource Economics Department, University of Florida, Gainesville, FL The cattle and beef markets have had an incredible journey

More information

OUTLOOK FOR US AGRICULTURE

OUTLOOK FOR US AGRICULTURE Agricultural Outlook Forum 216 OUTLOOK FOR US AGRICULTURE Robert Johansson Chief Economist 25 February 216 Fig 2 Main themes for 216 1. The macroeconomy is weighing on trade, but there are reasons for

More information

Agriculture & Natural Resources

Agriculture & Natural Resources AG ECONOMIC SERIES TIMELY INFORMATION Agriculture & Natural Resources AGRICULTURAL ECONOMICS AND RURAL SOCIOLOGY, AUBURN UNIVERSITY, AL 36849-5639 DAERS 05 2 February 2005 U.S. Cattle Cycles and Alabama

More information

Cattle on Feed. United States Cattle on Feed Up 9 Percent

Cattle on Feed. United States Cattle on Feed Up 9 Percent Cattle on Feed ISSN: 948-9080 Released March, 08, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United s Department of Agriculture (USDA). United s Cattle on Feed

More information

What tools can we use to help us decide when to enter and when to exit a hedge? (Or, or for that matter, when to enter and exit any trade.

What tools can we use to help us decide when to enter and when to exit a hedge? (Or, or for that matter, when to enter and exit any trade. Motivation for Fundamental and Technical Analysis What tools can we use to help us decide when to enter and when to exit a hedge? (Or, or for that matter, when to enter and exit any trade.) So, how do

More information

MONTHLY MARKET PROFILE: 12/10/04 Nevil C. Speer, PhD, Western Kentucky University

MONTHLY MARKET PROFILE: 12/10/04 Nevil C. Speer, PhD, Western Kentucky University MONTHLY MARKET PROFILE: 12/10/04 Nevil C. Speer, PhD, Western Kentucky University The market seems like a heavyweight match with packers and feeders standing toe-to-toe slugging it out. Negotiations are

More information

Dairy Outlook. April By Jim Dunn Professor of Agricultural Economics, Penn State University. Market Psychology

Dairy Outlook. April By Jim Dunn Professor of Agricultural Economics, Penn State University. Market Psychology Dairy Outlook April 2017 By Jim Dunn Professor of Agricultural Economics, Penn State University Market Psychology The Class III price in March was $1.07 lower than in February, while the Class IV price

More information

US Imported Beef Market A Weekly Update

US Imported Beef Market A Weekly Update US Imported Beef Market A Weekly Update Prepared Exclusively for Meat & Livestock Australia - Sydney Volume XVIII, Issue 4 February 2, 2018 Prepared by: Steiner Consulting Group SteinerConsulting.com 800-526-4612

More information

US Imported Beef Market A Weekly Update

US Imported Beef Market A Weekly Update US Imported Beef Market A Weekly Update Prepared Exclusively for Meat & Livestock Australia - Sydney Volume XVII, Issue 44 November 3, 2017 Prepared by: Steiner Consulting Group SteinerConsulting.com 800-526-4612

More information

Dairy Outlook. March By Jim Dunn Professor of Agricultural Economics, Penn State University. Market Psychology

Dairy Outlook. March By Jim Dunn Professor of Agricultural Economics, Penn State University. Market Psychology Dairy Outlook March 2015 By Jim Dunn Professor of Agricultural Economics, Penn State University Market Psychology Cheese and butter prices have d slightly in the past month, while the powdered product

More information

Intro to Livestock Marketing Annie s Project. Tim Petry Livestock Economist 2018

Intro to Livestock Marketing Annie s Project. Tim Petry Livestock Economist  2018 Intro to Livestock Marketing Annie s Project Tim Petry Livestock Economist www.ndsu.edu/livestockeconomics 2018 ANNIES Feb2018 Always excuses NOT to market! Marketing takes time and planning Look for excuses

More information

TEXAS A8cM UNIVERSITY TEXAS AGRICULTURAL EXTENSION SERVICE

TEXAS A8cM UNIVERSITY TEXAS AGRICULTURAL EXTENSION SERVICE TEXAS A8cM UNIVERSITY TEXAS AGRICULTURAL EXTENSION SERVICE J. E. HUTCHISON, DIRECTOR, COLLEGE STATION, TEXAS SEASONAL CHANGES IN CATTLE PRICES Edward Uvacek, Jr. and Ernest E. Davis* Beef has been blessed

More information

Dairy Outlook. January By Jim Dunn Professor of Agricultural Economics, Penn State University. Market Psychology

Dairy Outlook. January By Jim Dunn Professor of Agricultural Economics, Penn State University. Market Psychology Dairy Outlook January 2015 By Jim Dunn Professor of Agricultural Economics, Penn State University Market Psychology Dairy prices have fallen in the past month, especially butter prices. The dollar is still

More information

SOUTH AMERICAN SOYBEAN CROP ESTIMATE INCREASED

SOUTH AMERICAN SOYBEAN CROP ESTIMATE INCREASED April 14, 2000 Ames, Iowa Econ. Info. 1787 SOUTH AMERICAN SOYBEAN CROP ESTIMATE INCREASED USDA s World Agricultural Outlook Board raised its estimate of combined Brazilian and Argentine soybean production

More information

CATTLE EXPANSION IS UNDERWAY

CATTLE EXPANSION IS UNDERWAY CATTLE EXPANSION IS UNDERWAY February 2005 Chris Hurt 2005 No. 2 Summary Cattle producers have responded to record high cattle prices by expanding the breeding herd, and more expansion is on the way. USDA

More information

Cattle Cycles and Inventory Adjustments: The Long and the Short

Cattle Cycles and Inventory Adjustments: The Long and the Short Cattle Cycles and Inventory Adjustments: The Long and the Short Eric Associate Professor Department of Agricultural Economics and Economics Rocky Mountain Intertribal Agriculture Council Conference August

More information

Historical Prices, Trends, Seasonal Indexes, and Future Basis of Cattle and Calves at Sioux Falls, South Dakota

Historical Prices, Trends, Seasonal Indexes, and Future Basis of Cattle and Calves at Sioux Falls, South Dakota South Dakota State University Open PRAIRIE: Open Public Research Access Institutional Repository and Information Exchange Department of Economics Research Reports Economics 7-1-1990 Historical Prices,

More information

Tennessee Market Highlights

Tennessee Market Highlights Tennessee Market Highlights September 22, 2017 Number: 38 Trends for the Week Compared to a Week Ago Slaughter Cows $2 to $3 lower Slaughter Bulls $4 to $7 lower Feeder Steers less than 600 lbs. $3 to

More information

Pork Industry Economic Issues and Outlook

Pork Industry Economic Issues and Outlook Vita Plus Feeds Swine Summit - 2013 Pork Industry Economic Issues and Outlook Steve R. Meyer, Ph.D. Key drivers of meat and poultry -- 2013 Input prices and production costs Top 5: 1. Will it rain? 2.

More information

Tennessee Market Highlights

Tennessee Market Highlights Tennessee Market Highlights November 3, 2017 Number: 44 Trends for the Week Compared to a Week Ago Slaughter Cows $3 to $6 lower Slaughter Bulls $6 to $7 lower Feeder Steers Steady to $3 lower Feeder Heifers

More information

Dairy Outlook. September By Jim Dunn Professor of Agricultural Economics, Penn State University. Market Psychology

Dairy Outlook. September By Jim Dunn Professor of Agricultural Economics, Penn State University. Market Psychology Dairy Outlook September 2015 By Jim Dunn Professor of Agricultural Economics, Penn State University Market Psychology The world s financial markets were rattled last month by a pair of Chinese currency

More information

TOC INDEX. Basis Levels in Cattle Markets. Alberta Agriculture Market Specialists. Introduction. What is Basis? How to Calculate Basis

TOC INDEX. Basis Levels in Cattle Markets. Alberta Agriculture Market Specialists. Introduction. What is Basis? How to Calculate Basis TOC INDEX Basis Levels in Cattle Markets Feeder Associations of Alberta Ltd. Alberta Agriculture Market Specialists Introduction Basis levels are an effective tool to use for monitoring feeder and fed

More information

Feed Grain Outlook June 2, 2014 Volume 23, Number 33

Feed Grain Outlook June 2, 2014 Volume 23, Number 33 June 2, Today s Newsletter Market Situation Crop Progress 1 Corn Use 2 Outside Markets 3 Marketing Strategies Corn Marketing Plan 5 Upcoming Reports/Events 6 Market Situation Crop Progress. This afternoon

More information

BEEF OUTLOOK/REVIEW FEBRUARY Compiled by Pieter Cornelius E mail: NEXT PUBLICATION JULY/AUGUST 2017

BEEF OUTLOOK/REVIEW FEBRUARY Compiled by Pieter Cornelius E mail: NEXT PUBLICATION JULY/AUGUST 2017 aa Enquiries: Dr Johann van der Merwe Cell: 073 140 2698 Web: www.agrimark.co.za E mail: johnny@amtrends.co.za Compiled by Pieter Cornelius E mail: pieter@amtrends.co.za NEXT PUBLICATION JULY/AUGUST 2017

More information

Dairy Outlook. June By Jim Dunn Professor of Agricultural Economics, Penn State University. Market Psychology

Dairy Outlook. June By Jim Dunn Professor of Agricultural Economics, Penn State University. Market Psychology Dairy Outlook June 2015 By Jim Dunn Professor of Agricultural Economics, Penn State University Market Psychology Cheese prices have been rising this past month, rising 16 cents/lb. in a fairly steady climb.

More information

Livestock Risk Protection (LRP) A New Price Risk Management Tool for Livestock Producers

Livestock Risk Protection (LRP) A New Price Risk Management Tool for Livestock Producers Livestock Risk Protection (LRP) A New Price Risk Management Tool for Livestock Producers Tim Petry, Livestock Economist LRP Cattle Feedlot School Jan2011 01-28-10 LRP Insures against price declines Similar

More information

Tennessee Market Highlights

Tennessee Market Highlights Tennessee Market Highlights April 21, 2017 Number: 16 Trends for the Week Compared to a Week Ago Slaughter Cows $1 to $2 lower Slaughter Bulls $1 to $2 lower Feeder Steers $1 to $4 higher Feeder Heifers

More information

ENERGY SLIDESHOW. Federal Reserve Bank of Dallas

ENERGY SLIDESHOW. Federal Reserve Bank of Dallas ENERGY SLIDESHOW Updated: February 14, 2018 ENERGY PRICES www.dallasfed.org/research/energy Brent & WTI & Crude Brent Oil Crude Oil Dollars per barrel 140 Brent (Feb 9 = $65.50) WTI (Feb 9 = $62.01) 120

More information

State of the Beef Industry and Cattle Market Situation and Outlook

State of the Beef Industry and Cattle Market Situation and Outlook University of Nebraska - incoln igitalcommons@university of Nebraska - incoln Range eef Cow ymposium nimal cience epartment ecember 25 tate of the eef ndustry and Cattle Market ituation and Outlook Follow

More information

Beef Outlook Webinar July 27, 2009

Beef Outlook Webinar July 27, 2009 2009-10 Beef Outlook Webinar July 27, 2009 David Maloni Principal American Restaurant Association Inc. 888-423-4411 www.americanrestaurantassociation.com David.Maloni@AmericanRestaurantAssociation.com

More information

Economics Associated with Beef Cattle Ranching. Larry Forero UC Cooperative Extension April 21, 2016

Economics Associated with Beef Cattle Ranching. Larry Forero UC Cooperative Extension April 21, 2016 Economics Associated with Beef Cattle Ranching Larry Forero UC Cooperative Extension April 21, 2016 There are Five Facets to the Beef Cattle Industry: Cow-Calf/Seedstock Yearling/Stocker Feedlot Packer

More information

Louisiana Cattle Market Update FRIDAY, MARCH 30 TH, Ground Beef Prices

Louisiana Cattle Market Update FRIDAY, MARCH 30 TH, Ground Beef Prices Louisiana Cattle Market Update FRIDAY, MARCH 30 TH, 2012 Ross Pruitt, Department of Agricultural Economics and Agribusiness LSU AgCenter Ground Beef Prices The full impact on demand of recent news stories

More information

Grazing Management Different Strategies. Dr Jim Russell and Joe Sellers Iowa State University

Grazing Management Different Strategies. Dr Jim Russell and Joe Sellers Iowa State University Grazing Management Different Strategies Dr Jim Russell and Joe Sellers Iowa State University Cattle are important Keeping land in grasses reduces erosion and improves water quality Productive, well managed

More information

Food Price Outlook,

Food Price Outlook, Provided By: Food Price Outlook, 2017-18 This page provides the following information for August 2017: Consumer Price Index (CPI) for Food (not seasonally adjusted) Producer Price Index (PPI) for Food

More information

Livestock, Dairy, and Poultry Outlook

Livestock, Dairy, and Poultry Outlook LDP-M-190 Apr 21, 2010 Livestock, Dairy, and Poultry Outlook Rachel J. Johnson rjohnson@ers.usda.gov Tightened Beef Supplies Rally Prices Higher Contents Beef/Cattle Special Article Beef/Cattle Trade Pork/Hogs

More information

or

or Cutting edge research, state of the art reports, conference calls, seminars and trading have made American Restaurant Association Inc. the premier food commodity economics company since 1996. 941-379-2228

More information

U.S. Farm and Retail Egg Price Relationships to 2005 Changing Share of the Consumer's Egg Dollar

U.S. Farm and Retail Egg Price Relationships to 2005 Changing Share of the Consumer's Egg Dollar 6/9/2006 U.S. Farm/Retail Egg Prices 1 Egg Economics Update # 274 U.S. Farm and Retail Egg Price Relationships - Changing Share of the Consumer's Egg Dollar This review of U.S. farm and retail egg prices

More information

Iowa Farm Outlook. May 2015 Ames, Iowa Econ. Info Several Factors Supporting, Pressuring Fed Cattle Prices

Iowa Farm Outlook. May 2015 Ames, Iowa Econ. Info Several Factors Supporting, Pressuring Fed Cattle Prices Iowa Farm Outlook 0BDepartment of Economics May 2015 Ames, Iowa Econ. Info. 2061 Several Factors Supporting, Pressuring Fed Cattle Prices All market classes of beef cattle are at record high levels for

More information

% of Reference Price 190% Avg Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec. Male Calves Dairy Type Male Calves Beef Type

% of Reference Price 190% Avg Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec. Male Calves Dairy Type Male Calves Beef Type EU Canada Chile Chile EU Canada Trade Tonnes cw in Tonnes cwe In Tonnes cwe Russia (up to Aug) Japan Mexico (up to Aug) South Korea Russia (up to Aug) Japan Mexico (up to Aug) South Korea Qty in 1 Tonnes

More information

Livestock, Dairy, and Poultry

Livestock, Dairy, and Poultry Economic Research Service Situation and Outlook LDP-M-277 July 18, 2017 Contents Cattle/Beef Dairy Pork/Hogs Lamb/Mutton Poultry Contacts and Links Tables Red Meat and Poultry Dairy Forecast Web Sites

More information

Cattle Cycle. Basis Estimates, Monthly Average Prices and Slaughter Facility Information. Dan Childs and Steve Swigert

Cattle Cycle. Basis Estimates, Monthly Average Prices and Slaughter Facility Information. Dan Childs and Steve Swigert Cattle Cycle 2014 Basis Estimates, Monthly Average Prices and Slaughter Facility Information Dan Childs and Steve Swigert Noble Foundation Agricultural Division 1 NF-AE-16-01 2 l Noble Foundation Agricultural

More information

September 21, 2017 KSU Beef Stocker Unit

September 21, 2017 KSU Beef Stocker Unit September 21, 2017 KSU Beef Stocker Unit Beef Stocker Field Day 2017 September 21, 2017 KSU Beef Stocker Unit Table of Contents Page No. Table of Contents... i Welcome and Thank You... ii Program Agenda...

More information

% of Reference Price 190% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Beef & Veal Production (E28 Slaughtering) - Tonnes

% of Reference Price 190% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Beef & Veal Production (E28 Slaughtering) - Tonnes Iran EU Iran EU Trade Japan Japan South Korea Tonnes cw in Tonnes cwe South Korea Qty in 1 Tonnes World Trade -8.4% Production Production & Stocks -1.8% -4.2% -4.2% -.6% EU Uruguay Paraguay Iran EU Paraguay

More information

Livestock, Dairy, and Poultry Outlook

Livestock, Dairy, and Poultry Outlook United States Department of Agriculture Electronic Outlook Report from the Economic Research Service www.ers.usda.gov LDP-M-124 Oct. 26, 2004 Livestock, Dairy, and Poultry Outlook Leland Southard (Coordinator)

More information

Livestock, Dairy, and Poultry

Livestock, Dairy, and Poultry Economic Research Service Situation and Outlook LDP-M-273 Mar. 15, 2017 Contents Cattle/Beef Dairy Pork/Hogs Poultry Contacts and Links Tables Red Meat and Poultry Dairy Forecast Web Sites Animal Production

More information

Livestock, Dairy, and Poultry

Livestock, Dairy, and Poultry Economic Research Service Situation and Outlook LDP-M-268 October 18, 2016 Contents Cattle/Beef Dairy Pork/Hogs Poultry Contacts and Links Tables Red Meat and Poultry Dairy Forecast Web Sites Animal Production

More information

Hog Producers Near the End of Losses

Hog Producers Near the End of Losses Hog Producers Near the End of Losses January 2003 Chris Hurt Last year was another tough one for many hog producers unless they had contracts that kept the prices they received much above the average spot

More information

Cattle Cycle. Basis Estimates, Monthly Average Prices and Slaughter Facility Information. Job Springer, Dan Childs, Steve Swigert and Jeri Donnell

Cattle Cycle. Basis Estimates, Monthly Average Prices and Slaughter Facility Information. Job Springer, Dan Childs, Steve Swigert and Jeri Donnell Cattle Cycle 2012 Basis Estimates, Monthly Average Prices and Slaughter Facility Information Job Springer, Dan Childs, Steve Swigert and Jeri Donnell Noble Foundation Agricultural Division 1 NF-AE-12-04

More information

Iowa Farm Outlook. October 2015 Ames, Iowa Econ. Info Hogs & Pigs Report: As Expected Inventories Larger

Iowa Farm Outlook. October 2015 Ames, Iowa Econ. Info Hogs & Pigs Report: As Expected Inventories Larger Iowa Farm Outlook 0BDepartment of Economics October 2015 Ames, Iowa Econ. Info. 2066 Hogs & Pigs Report: As Expected Inventories Larger USDA s September Hogs and Pigs Report was full of information in

More information

Iowa Farm Outlook. January 2017 Ames, Iowa Econ. Info Pork industry shaping itself for the future

Iowa Farm Outlook. January 2017 Ames, Iowa Econ. Info Pork industry shaping itself for the future Iowa Farm Outlook 0BDepartment of Economics January 2017 Ames, Iowa Econ. Info. 2081 Pork industry shaping itself for the future The talk of 2016 was heavy hog supplies relative to available processing

More information

p per kg dw Source: AHDB/EBLEX A M J J A S O N D

p per kg dw Source: AHDB/EBLEX A M J J A S O N D Clive Brown EBLEX p per kg dw 380 370 360 350 340 330 320 310 300 2010 2011 290 280 2012 270 260 250 J F M Source: AHDB/EBLEX A M J J A S O N D Average Weekly kill ( 000 head) 46 44 2012/11-7% 2010 2011

More information

% of Reference Price 190% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Beef & Veal Production (E28 Slaughtering) - Tonnes

% of Reference Price 190% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Beef & Veal Production (E28 Slaughtering) - Tonnes EU Trade South Korea Malaysia (up to Sep) EU Japan Japan South Korea Malaysia (up to Sep) in Tonnes cwe Russia (up to Oct) Mexico (up to Sep) Russia (up to Oct) Mexico (up to Sep) Tonnes cw Qty in 1 Tonnes

More information

Cattle Cycle. Basis Estimates, Monthly Average Prices and Slaughter Facility Information. Job Springer, Dan Childs, Steve Swigert and Jeri Donnell

Cattle Cycle. Basis Estimates, Monthly Average Prices and Slaughter Facility Information. Job Springer, Dan Childs, Steve Swigert and Jeri Donnell Cattle Cycle 2011 Basis Estimates, Monthly Average Prices and Slaughter Facility Information Job Springer, Dan Childs, Steve Swigert and Jeri Donnell Noble Foundation Agricultural Division 1 NF-AE-11-01

More information

May 31, 2013 Issue Random Thoughts on the Industry

May 31, 2013 Issue Random Thoughts on the Industry Issue Random Thoughts on the Industry -- By Mike Donohue This Thing Has Legs With the rebound in returns for the broiler industry the overwhelming question is How long can it last? This question from an

More information

Key Issues for 2018 and beyond

Key Issues for 2018 and beyond Cattle Outlook and Strategies February 2018 Brenda L. Boetel UW-River Falls Extension Commodity Marketing Specialist 1 Key Issues for 2018 and beyond Supply Expansion continued but has moderated Continued

More information

Tennessee Market Highlights

Tennessee Market Highlights Tennessee Market Highlights October 23, 2015 Number: 43 Trends for the Week Compared to a Week Ago Slaughter Cows $2 to $4 higher Slaughter Bulls Steady to $2 higher Feeder Steers $2 to $6 higher Feeder

More information

PRX Grain Market Overview

PRX Grain Market Overview PRX The ProExporter Network Grain, Oilseed & Biofuel Fundamentals Updated 4/1/18 PRX Grain Market Overview US Major Grains Crop Years 217/18 & 218/19 with USDA Apr 1, 218 WASDE PRX_Overview, SDU, Apr-1-18

More information

ECONOMICS OF ADDED GAIN

ECONOMICS OF ADDED GAIN ECONOMICS OF ADDED GAIN R. Curt Lacy 1 Associate Professor, The University of Georgia, Tifton, GA Introduction Recent events in the cattle industry have provided an economic incentive for producers to

More information

Signs align for corn profit hopes Short crop in Brazil could be fix the market needs By Bryce Knorr, senior grain market analyst

Signs align for corn profit hopes Short crop in Brazil could be fix the market needs By Bryce Knorr, senior grain market analyst Signs align for corn profit hopes Short crop in Brazil could be fix the market needs By Bryce Knorr, senior grain market analyst Corn growers enjoyed an outbreak of optimism last week at Commodity Classic

More information

Seasonal Trends in Steer Feeding Profits, Prices, and Performance

Seasonal Trends in Steer Feeding Profits, Prices, and Performance MF-2547 Seasonal Trends in Steer Feeding Profits, Prices, and Performance Kansas State University Agricultural Experiment Station and Cooperative Extension Service 1 2 This publication is a revised version

More information

Tennessee Market Highlights

Tennessee Market Highlights Tennessee Market Highlights February 9, 2018 Number: 6 Trends for the Week Compared to a Week Ago Slaughter Cows Steady to $2 higher Slaughter Bulls Steady Feeder Steers Steady to $3 higher Feeder Heifers

More information

Iowa Farm Outlook. November 2013 Ames, Iowa Econ. Info Is Beef Cattle Herd Rebuilding on the Horizon?

Iowa Farm Outlook. November 2013 Ames, Iowa Econ. Info Is Beef Cattle Herd Rebuilding on the Horizon? Iowa Farm Outlook 0BDepartment of Economics November 2013 Ames, Iowa Econ. Info. 2043 Is Beef Cattle Herd Rebuilding on the Horizon? Cow-calf producers appear to have a growing incentive for herd expansion

More information

The number of milk cows on farms in the 23 major States was 8.73 million head, 57,000 head more than November 2016, but unchanged from October 2017.

The number of milk cows on farms in the 23 major States was 8.73 million head, 57,000 head more than November 2016, but unchanged from October 2017. Milk Production ISSN: 949-557 Released December 9, 07, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States Department of Agriculture (USDA). November Milk

More information

Tennessee Market Highlights

Tennessee Market Highlights Tennessee Market Highlights September 29, 2017 Number: 39 Trends for the Week Compared to a Week Ago Slaughter Cows $4 to $6 lower Slaughter Bulls $5 to $6 lower Feeder Steers $2 to $7 lower Feeder Heifers

More information

Beef market outlook. Debbie Butcher, Senior Analyst - Beef & Sheep. Agriculture and Horticulture Development Board 2016 All rights reserved

Beef market outlook. Debbie Butcher, Senior Analyst - Beef & Sheep. Agriculture and Horticulture Development Board 2016 All rights reserved Beef market outlook Debbie Butcher, Senior Analyst - Beef & Sheep Agriculture and Horticulture Development Board 2016 All rights reserved Change 000 tonnes Last year in a nutshell 35,000 30,000 25,000

More information

Tennessee Market Highlights

Tennessee Market Highlights Tennessee Market Highlights March 4, 2016 Number: 10 Trends for the Week Compared to a Week Ago Slaughter Cows Steady to $1 higher Slaughter Bulls Unevenly steady Feeder Steers Under 700 lbs. $1 to $5

More information

Iowa Farm Outlook. Big Supply, Strong Dollar Pressure Hog Prices. January 2016 Ames, Iowa Econ. Info. 2069

Iowa Farm Outlook. Big Supply, Strong Dollar Pressure Hog Prices. January 2016 Ames, Iowa Econ. Info. 2069 Iowa Farm Outlook 0BDepartment of Economics January 2016 Ames, Iowa Econ. Info. 2069 Big Supply, Strong Dollar Pressure Hog Prices After holding between $60 and $75 per cwt for much of the fall, nearby

More information

Iowa Farm Outlook. December 2017 Ames, Iowa Econ. Info Stretch Run for Meat Markets

Iowa Farm Outlook. December 2017 Ames, Iowa Econ. Info Stretch Run for Meat Markets Iowa Farm Outlook 0BDepartment of Economics December 2017 Ames, Iowa Econ. Info. 2092 Stretch Run for Meat Markets The holiday season is an important test for meat sales and demand. Retailers and foodservice

More information

US and Oregon Dairy Industries. US Dairy Industry in Oregon Dairy Industry in Dr. Patrick D. French

US and Oregon Dairy Industries. US Dairy Industry in Oregon Dairy Industry in Dr. Patrick D. French US and Oregon Dairy Industries Dr. Patrick D. French US Dairy Industry in 21 Value of milk production was $24.7 billion Dairy products represent 11% of all cash receipts for agriculture commodities 25%

More information

Northwest Florida Beef Conference Chris Prevatt UF/IFAS Range Cattle REC Livestock and Forage Economist

Northwest Florida Beef Conference Chris Prevatt UF/IFAS Range Cattle REC Livestock and Forage Economist Northwest Florida Beef Conference Chris Prevatt UF/IFAS Range Cattle REC Livestock and Forage Economist 2016 Beef Cattle Market Outlook 2016 Beef Cattle Market Outlook Outline Recap 2014 and 2015 Feeder

More information